Government of the Russian Federation does not plan to increase fiscal burden on business

23rd April 2015

Prime Minister of the Russian Federation Dmitry Medvedev, addressing to the deputies of the State Duma of the Russian Federation, said that the Government does not plan to increase fiscal burden on business.

Head of the Government noted that for certain sectors of the economy VAT rates have already been reduced and regions have acquired the right to introduce a two-year tax holiday for newly registered individual entrepreneurs. The regions will soon acquire the right to reduce the simplified tax system rate for “income” and the UTII system rate (unified tax on imputed income).

Dmitry Medvedev mentioned that it is planned to expand the range of small and medium companies that can participate in state and municipal support programs. “To achieve this goal the “ceiling” of annual revenue was increased twofold, which is a criterion for including a company into the category of micro, small or medium: up to 120 million rubles, 800 million rubles and 2 billion rubles respectively”, – he recalled.

Dmitry Medvedev also promised the deputies that financial support for projects of small and medium business will be expanded.

“There is a proposal to unite the resources of the Credit Guarantee Agency and the SME Bank and on this basis create a single development institution for support of small and medium enterprises. Such structure could be given additional powers in order to ensure the full participation of small business in the state and municipal orders, procurement of natural monopolies and state-owned companies, as well as in the import substitution programs”, – said the Head of the Government.

Dmitry Medvedev also mentioned grants for innovative projects of small enterprises that have good prospects for commercialization. “We are going to increase support for them through the Fund for Assistance to Small Innovative Enterprises in Science and Technology”, – he said. “The anti-crisis plan provides for allocation of about 5 billion rubles for this purpose,” – said the Prime Minister.

Another support measures named by Dmitry Medvedev are preferential tax and customs regimes within the territories of advanced development in the Far East and in monocities.